This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $106k initial cash invested.
-4.42%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$3,726
Rent
-$391
Cashflow
Cash Flow
$3,726 income − $4,117 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,726
Total Expenses
$4,117
Mortgage P&I
62%
$2,327
Property Taxes
10%
$376
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410